Hemanth Patwari (Article) 13 September 2016
I have gone through the section. The following points of the section werent clear to me and I require some clarification on it.
1. What if the residential property is alloted to two person of a family i.e husband and wife ?
2.In case of some flats left unsold in the project and taken for personal use/gifted/given to brokers instead of their commision . Will the deduction from profit granted to it ?
3.In case of partial defaults on any of the conditions laid down u/s 80IBA, will the deductions be on partial basis or is it that the deduction will be cancelled ?
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more